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BGR Energy Systems secures work order of Rs 330 crore from Indian Oil; Stock skyrockets 20%

13 Dec 2022 , 03:13 PM

Stock Market Trader, Stock Trader, Trading

BGR Energy Systems Limited has informed that the Company has secured orders from Indian Oil Corporation.

As per the regulatory filing, the company has received order for construction of civil and structural works in Panipat Refinery Project Complex. The contract value is Rs330 crore excluding GST the contract completion period is 18 months, the company said.

At around 2:45 PM, BGR Energy Systems Ltd is currently trading at Rs80.30 per share up by Rs13.35 or 19.94% from its previous closing of Rs66.95 per share on the BSE.

The scrip opened at Rs78.35 per share and has touched a high and low of Rs80.30 per share and Rs74.15 per share respectively so far today. The current market cap of the company is Rs483.11 crore.

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